Byway's Flight-Free Travel Vision Takes Off with €5.9 Million Series A Funding

July 13, 2024, 9:35 pm
Byway
ITRecommendationsTravel
Location: United Kingdom, England, London
Employees: 11-50
Founded date: 2020
Total raised: $6.43M
Byway, a trailblazing travel tech startup based in London, has soared to new heights with the successful completion of a €5.9 million Series A funding round. This significant milestone was achieved through the support of leading investors such as Heartcore Capital, Eka Ventures, and a group of dedicated angel investors who share Byway's commitment to sustainable and innovative travel solutions.

At the core of Byway's mission is the belief that flight-free travel can and should become the new standard in the industry. With a growing demand for more environmentally conscious travel options, Byway is at the forefront of a movement towards more sustainable and fulfilling holiday experiences. Their unique journey-planning technology, JourneyAI, sets them apart as one of the world's first 100% flight-free holiday planners.

Since its inception in March 2020, Byway has experienced remarkable growth, expanding threefold year-on-year. Their customers have collectively saved an impressive 3,045 tonnes of carbon emissions by choosing flight-free travel options, equivalent to planting 18,270 trees. Byway's dedication to reducing the environmental impact of travel while enhancing the quality of the journey itself has resonated with travelers seeking more meaningful and eco-friendly adventures.

The recent infusion of capital from Heartcore Capital, known for their investments in industry disruptors like GetYourGuide and Travelperk, is a testament to Byway's potential to revolutionize the travel sector. Eka Ventures, with their focus on sustainable consumption, further underscores the alignment of values between investors and Byway's vision for the future of travel.

CEO and Founder of Byway, Cat Jones, expressed her excitement at the overwhelming support from investors who share her enthusiasm for the transformative power of flight-free travel. With plans to expand their team and continue developing their cutting-edge technology, Byway is poised to make a lasting impact on the way we explore the world.

Byway's JourneyAI technology seamlessly integrates transport and accommodation data with expert content to create personalized, multi-stop journeys that prioritize enjoyment over speed. By designing trips away from tourist hotspots and emphasizing the journey as an integral part of the travel experience, Byway is redefining what it means to embark on a holiday.

Max Niederhofer, General Partner at Heartcore Capital, commended Byway's mission to make tourism more fulfilling and sustainable, highlighting the potential of their technology to shape the future of online travel. The collaborative, supportive, and mission-driven culture at Byway has garnered praise from investors and industry experts alike, positioning the company as a leader in the travel tech space.

As Byway continues to expand its reach and refine its offerings, travelers can look forward to a future where flight-free travel is not only a viable option but the preferred choice for those seeking unforgettable and eco-conscious adventures. Join Byway on their journey towards a greener, more fulfilling way to explore the world.